Treasurer Jim Chalmers. Source: SmartCompany
As part of a suite of measures providing renewed help with energy bills for every household and many small businesses, the 2024-25 federal budget provides a total of $3.5 billion in energy bill relief, including additional rebates of $325 to around one million small businesses from July 1.
Handing down the 2024-25 budget tonight, the Treasurer said “the number one priority of this government and this budget is helping Australians with the cost of living”.
To help ease the effect of cost of living pressures and reduce inflation, the government’s extended Energy Bill Relief Fund (EBRF) provides new energy rebates of $325 to approximately one million businesses on small customer electricity plans, to help cover electricity bills.
The budget’s Strategy and Outlook Paper says the 2023-24 EBRF and Commonwealth Rent Assistance increases are estimated to have reduced inflation by 0.75%
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